1318.HK

Cosmetics seller Mao Geping Cosmetics Co. Ltd (1318.HK) said on Tuesday it expects to report revenue between 2.57 billion yuan ($358 million) and 2.6 billion yuan for the first half of this year, up 30.4% to 31.9% from a year earlier, while its net profit will be in the 665 million yuan to 675 million yuan range, up 35% to 37%.

The company did not specify a reason for the growth, only stating that it has consistently adhered to a business philosophy of “generating value for consumers” and has continued to provide beauty enthusiasts with high-quality products and services. Growing consumer recognition of Mao Geping as a premium brand continues to translate to new momentum for the company, driving steady overall business improvement.

Shares of Mao Geping opened up 3.4% at HK$101.50 on Wednesday. The stock has more than tripled since its trading debut last year.

By Lau Chi Hang

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